A novel metal organic framework [Co (BTC)(1/3) (DMF) (HCOO)] (n) (CoMOF, BTC = 1,3,5-benzene tricarboxylate, DMF = N,N-dimethylformamide) has been synthesized solvothermally and characterized by single crystal X-ray diffraction, X-ray powder diffraction, and FT-IR spectra. The molar heat capacity of the compound was measured by modulated differential scanning calorimetry (MDSC) over the temperature range from 198 to 418 K for the first time. The thermodynamic parameters such as entropy and enthalpy versus 298.15 K based on the above molar heat capacity were calculated. Moreover, a four-step sequential thermal decomposition mechanism for the CoMOF was investigated through the thermogravimetry and mass spectrometer analysis (TG-DTG-MS) from 300 to 800 K. The apparent activation energy of the first decomposition step of the compound was calculated by the Kissinger method using experimental data of TG analysis.